Apple - A Contrarian Perspective

Apple - is it a buy or a short? A million dollar question at this time for many hedge funds and mutual funds and also for individual traders and investors. My perspective at this time is that the stock is priced to bounce because so much negativity is there - in other words, those who wanted to sell might have already sold the stock (fear driven and not knowing where the price would bottom) and these are the people who might wish to get into the stock again (greed driven)- the stock might also bounce if and if only Cook hints that there would be an increase in the dividend. In that case, the funds that focus on dividends would rush to get into the momentum again. Anyhow, an interesting week is ahead.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AAPL over the next 72 hours.